Millennium Reserves is an all-American company that offers cash payments for land to residents who need a quick closure.
Numerous people receive a letter in the mail from a company that is called Millennium Reserves offering cash for land in states like Oklahoma, Michigan or almost anywhere in Central America.
They say many are skeptical about their offer, but a look at the company’s portfolio, leadership, and underwritten deals shows that there doesn’t appear to be anything wrong with what they’re doing.
Real estate quick bucks have been around for a while. Many people feel they are taking advantage of those in need by not offering the highest price.
According to its founder, Millennium Reserves claims to be the fastest buyer, not the best-paid.
“What we do is no secret. I’ll be the first to tell you that we’re trying to get land at a price that makes sense for us to endure the headache, the closing cost, the wait, and hopefully make profits in the future. The benefit to the seller is that they receive cash in less than a month and often in around 2 weeks. We’re not doing anything revolutionary, that’s what Elon Musk is for.” – Carlos Salinas, Founder of Millennium Reserves
“This means landowners are not getting maximum value for their land. That’s a trade-off only they can judge if it’s worth it for them,” added Carlos, saying some people like the speed and simplicity of a hassle-free transaction that only companies like Millennium Reserves can provide.
According to the company, the most popular alternative method of selling real estate is through real estate companies. Sellers would have to pay high commission fees and closing costs, which are deducted from the final selling price.
Landowners who don’t mind waiting several months and sometimes years for a buyer to show up might feel it’s worth it.
Weigh the pros and cons of doing it alone, through a broker, or through “quick buck” companies like Millennium…
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